Transitioning to a low carbon future means more than replacing power generation with renewables. We have to decarbonise our transport, steel, cement, chemicals and other industries to reach our climate targets. The role of carbon capture, storage and utilisation is essential for us to achieve Paris goals of <2°C. The concept of a ‘carbon industry’ which is a value chain of participants using technology to capture and utilise emissions as waste streams is an important one which is only just maturing.
It is only through the inclusion of these solutions that we will achieve near zero emissions by 2050 across all sectors and our climate goals. Our Australian developed technology from Mineral Carbonation International seeks to demonstrate large scale capture and storage of CO2 into solid products such as carbonates for use in building materials. If successful, this will in part satisfy the additional infrastructure growth demand of our global population peak reaching 9 billion by 2060.